DoorDash (DASH) chief accounting officer sells shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DoorDash, Inc. chief accounting officer Gordon S. Lee reported an open-market sale of Class A Common Stock. He sold 2,910 shares on May 20, 2026 at an average price of $155.588 per share. A footnote explains the shares were sold to cover tax obligations tied to vesting restricted stock units. After this tax-related sale, he continues to hold 89,651 shares of DoorDash Class A Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,910 shares ($452,761)
Net Sell
1 txn
Insider
Lee Gordon S
Role
CHIEF ACCOUNTING OFFICER
Sold
2,910 shs ($453K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,910 | $155.588 | $453K |
Holdings After Transaction:
Class A Common Stock — 89,651 shares (Direct, null)
Footnotes (1)
- Shares sold to cover tax obligations in connection with the vesting of restricted stock units ("RSUs"). Certain of these securities are represented by RSUs.
Key Figures
Shares sold: 2,910 shares
Sale price per share: $155.588 per share
Shares held after transaction: 89,651 shares
3 metrics
Shares sold
2,910 shares
Class A Common Stock sold on May 20, 2026
Sale price per share
$155.588 per share
Average sale price for the 2,910 shares
Shares held after transaction
89,651 shares
DoorDash Class A Common Stock directly owned post-sale
Key Terms
Class A Common Stock, open-market sale, restricted stock units ("RSUs")
3 terms
Class A Common Stock financial
"security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
restricted stock units ("RSUs") financial
"Shares sold to cover tax obligations in connection with the vesting of restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
FAQ
What insider transaction did DoorDash (DASH) report for Gordon S. Lee?
DoorDash reported that chief accounting officer Gordon S. Lee sold 2,910 shares of Class A Common Stock. The sale occurred on May 20, 2026 at an average price of $155.588 per share in an open-market transaction.
What security type was involved in Gordon S. Lee’s DoorDash (DASH) transaction?
The transaction involved DoorDash Class A Common Stock. Footnotes add that certain securities are represented by restricted stock units ("RSUs"), which are stock-based compensation that can vest over time and create tax obligations when they convert.
Was Gordon S. Lee’s DoorDash (DASH) transaction an open-market sale?
Yes. The Form 4 classifies the transaction as an open-market sale with code "S" and describes it as a sale in open market or private transaction. The filing still notes the primary purpose was covering RSU-related tax obligations.